Bessemer Group Inc. Reduces Position in Nutanix $NTNX

Bessemer Group Inc. trimmed its holdings in Nutanix (NASDAQ:NTNX) by 47.2% during the first quarter, HoldingsChannel.com reports. The firm owned 17,260 shares of the technology company’s stock after selling 15,435 shares during the period. Bessemer Group Inc.’s holdings in Nutanix were worth $655,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NTNX. New Millennium Group LLC bought a new stake in shares of Nutanix in the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Nutanix during the 4th quarter valued at about $39,000. Covestor Ltd increased its position in Nutanix by 73.1% in the 4th quarter. Covestor Ltd now owns 767 shares of the technology company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. Harbour Investments Inc. lifted its holdings in Nutanix by 159.4% in the fourth quarter. Harbour Investments Inc. now owns 817 shares of the technology company’s stock worth $42,000 after purchasing an additional 502 shares during the period. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of Nutanix by 1,063.8% in the first quarter. Frazier Financial Advisors LLC now owns 1,094 shares of the technology company’s stock valued at $42,000 after acquiring an additional 1,000 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NTNX shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Nutanix in a research report on Thursday, May 28th. KeyCorp reissued an “overweight” rating on shares of Nutanix in a research report on Thursday, May 28th. Morgan Stanley lifted their target price on shares of Nutanix from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Northland Securities set a $47.00 target price on shares of Nutanix in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. raised their price target on shares of Nutanix from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Nutanix has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Stock Performance

Shares of Nutanix stock opened at $55.04 on Friday. The firm has a fifty day moving average of $50.94 and a two-hundred day moving average of $44.96. Nutanix has a 52 week low of $34.01 and a 52 week high of $82.42. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 4.64 and a beta of 0.61.

Nutanix (NASDAQ:NTNX) last released its earnings results on Wednesday, May 27th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.12. The firm had revenue of $703.07 million during the quarter, compared to analysts’ expectations of $686.34 million. Nutanix had a negative return on equity of 38.96% and a net margin of 10.03%.The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, research analysts forecast that Nutanix will post 0.71 EPS for the current fiscal year.

About Nutanix

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.